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Use the Method of Moving Averages with an Appropriate Span

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Essay

Use the method of moving averages with an appropriate span to forecast retail sales for the first half of 2009.Do you obtain a good fit? Do you have confidence in your forecast? Explain your answers.


Definitions:

Job Ranking System

The simplest and oldest system of job evaluation by which jobs are arrayed on the basis of their relative worth.

Goal System

A structured approach to setting, monitoring, and achieving objectives within an organization, often linked to performance management.

Job Evaluation System

A method used by organizations to assess the value of each job in relation to others within the company to determine appropriate compensation levels.

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